Russian Billionaires Added $29 Billion Since Trump’s Election

Russian Billionaires Added $29 Billion Since Trump’s Election

Some of Russia’s richest men, some of whom have close ties to President Vladimir Putin have added $29 billion to their wealth since the election of Donald Trump. This is due to the rising value of Russian stocks and currency. One of Russia’s richest man, Leonid Michelson has added an estimated $1.9 billion since the US election. This increases his net worth to $18.2 billion.

“Some of Russia’s richest men, some of whom have close ties to President Vladimir Putin have added $29 billion to their wealth since the election of Donald Trump.”

~Forbes

The richest Russians have increased their fortunes by an average of 7.1% .The increase in wealth is more than the combined gains of billionaires in any country besides United States.